Trend Analysis
Ethereum (ETH): Bullish Dominance Can Be Seen!Buyers seem to dominate current zones of Ethereum, which might lead price back to $3500 zones.
Now we had a quick liquidity movement to lower zones and price seems to still recover from that, looking for a proepr resistance zone.
We keep our attentions at current zones as buyers have not fully yet secured the zone, but upon doing so, our next target would be $3500, where we will be looking for any signs of weakness!
Swallow Team
BUY!!I bought more SUI this morning.
I use two time frames to decide a trade entry - i.e. weekly/daily or daily/4h.
1) I use stochastic in a higher time frame to confirm the direction of my bias. If I am interested in going long, I first look at the daily stochastics (9,3,3) is reset, crossed and pointing upwards.
2) If the first condition is met, I am going to check the 4H chart and start looking for an entry area. I draw clear horizontal support/resistance area and also an ascending/descending trendline (only if it is a very clear trend). Don't draw too many lines. Keep it simple.
3) I open a position, if the price closes and bounces off the key resistance/support/trendline, and MACD lines cross and point upwards in the bull zone.
SUI chart is presenting the perfect scenario, Therefore, I bought more SUI this morning.
I don't leverage trade so I don't have a predetermined stop loss/profit target. I will probably close my position if a daily candle moves below, retests and closes below the red support line. I usually take the initial profit when a clear negative divergence appears in either 4H or daily chart.
P.S.
I sold Sui last week, because it was forming a massive negative divergence in the daily chart. I was anticipating a much larger price correction, however, the fundamentals for the overall crypto market are very strong and now Bitcoin is recovering. So, I decided to buy back and added more this morning. I plan to hold it for the entire Bitcoin cycle.
Silver
The current price of silver is 30.7870, presenting a promising opportunity to buy. Based on thorough market analysis, we have set two target levels for this trade. The first target is 30.5000, providing a near-term profit, while the second target is 31.0000, offering a higher potential return.
To manage risks effectively, a stop-loss (SL) has been placed at 29.2000. This ensures that if the market moves unfavorably, potential losses are minimized. Risk management is critical in trading, and the stop-loss acts as a protective measure for your investment.
These targets are based on current trends and technical indicators, offering a calculated and structured trading approach. However, it is essential to recognize that market movements can be unpredictable, influenced by various economic and geopolitical factors.
Traders should stay vigilant and regularly monitor the market for updates. Keeping an eye on global economic trends and silver-related news can help refine your strategy and improve decision-making during the trade.
In summary, buying silver at
Revisiting The Great Post-Covid Comeback: DoorDashI must say, I am finding it increasingly fascinating to revisit companies that skyrocketed and subsequently crashed during the post-COVID boom of 2021 to 2023. The explosive growth of that period was driven by an unusual combination of factors, creating a perfect storm that sent valuations soaring and then crashing.
I have now written about this a few times, but I continue to find companies that have made it out alive or are in the process of getting the market's attention once again. They are making a comeback. And I love comeback stories! Just when everyone counted them out, they turnaround and surprise.
Yes, a surprising number of companies have shown resilience, adapting to the new environment with strategic pivots, improved efficiencies, and recalibrated growth plans.
Take DoorDash, for example (shown on the chart). This company epitomizes the highs and lows of the pandemic-era boom. For starters, it's up 300% since the bottom of its crash. During the lockdowns, DoorDash thrived as a lifeline for consumers stuck at home, but post-pandemic normalization presented significant challenges. Now, after navigating through turbulent waters, it seems to have found its footing once again. Its latest moves, bolstered by a mix of strategic innovation and operational focus, have nearly retraced the entirety of its crash.
What other companies from this era do you think are worth revisiting? Are there other potential comeback stories waiting to unfold?
RUNEUSD: Rebound at the bottom of the Channel UpTHORChain is neutral on its 1D technical outlook (RSI = 45.391, MACD = -0.566, ADX = 34.736) as it recovered the bearish action of Wednesday. That was straight after the price made a new HL at the bottom of the long term Channel Up. The 1D RSI is rebounding in the exact same way as the August 5th 2024 HL. We are bullish, aiming for the 0.618 Fibonacci level (TP = 5.8300).
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Dogecoin (DOGE/USD): Bullish Breakout Potential with Strong Mom🔥 FinCaesar's Strategy:
🩸 Long: Above $0.42, targeting $0.45 and $0.50. DOGE is currently trading well above its 200-day EMA (around $0.24), indicating a robust uptrend. The MACD is shifting into positive territory, supporting a continued rally if volume remains strong.
🩸 Short: Below $0.38, aiming for $0.35 and $0.32. A drop beneath $0.38 could suggest a pause in the bullish momentum, especially if sellers overpower buyers near resistance.
🔥 FinCaesar’s Commands:
🩸 Resistance: $0.42 — A clear break here would reinforce the bullish scenario.
🩸 Support: $0.38 — Losing this level may pave the way for a deeper pullback.
Dogecoin is showing renewed signs of strength, surging off recent lows and flipping key moving averages into support zones. Traders eye the $0.42 mark for confirmation of further upside, while a failure to hold above $0.38 could trigger short-term selling. Overall, the bullish bias remains intact unless DOGE slips decisively under major support levels.
👑 "Opportunity often appears in the wake of bold conviction." — FinCaesar
ETH/USDT CHART UPDATE !!This ETH/USDT daily chart shows a potential breakout setup from a falling wedge pattern, a bullish reversal structure. Ethereum is gaining momentum above key moving averages and preparing for an upward trajectory.
Falling wedge: The price is consolidating within a descending wedge, indicating a potential bullish breakout.
Support: Around $2,800-$3,000 (wedge lower boundary).
Resistance: Near $3,600 (wedge upper boundary).
Moving averages: The price is climbing above the 100-day MA, which provides additional bullish confirmation.
After the breakout, Ethereum could target $4,000 and then $4,800 in the next impulsive wave.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
STRKUSDT - UniverseMetta - Analysis#STRKUSDT - UniverseMetta - Analysis
After the correction from the update of the local maximum, the price forms an ABC structure on W1, you can also notice that the price from the local maximum on D1 - worked out a 5-wave structure, which may indicate a potential start of a new trend. Plus news factors that can be a strong trigger for adding an asset to the portfolio at this stage, and as the correction increases the share. Now the important point is to wait for consolidation behind the trend line in order to calmly wait for targets, up to the update of the maximum at a price of 0.80
Target: 0.47 - 0.80
TAO dubble W-Patternokay so today's idea is about TAO, so if we open the chart on the daily tf we can see that TAO follows a pretty clear W-pattern with 40% move as a target.
what to watch?
appointed liquidity.
appointed Fvg's.
strong resistance.
buy only at support level's.
haven't been feeling well that's why i haven't been publishing idea's lately
XAUUSD H1 ShortOANDA:XAUUSD H1 Timeframe today gold make a fake Bullish falg pattren now look Ma line again bearish indicator resistance Zone 2715 Support Zone 2680
key point: 2706
Gold Sell Entry Point: 2706
Target: 2693
Target: 2680
Stop Loss: 2719
if you agree this analyze most share opinion on comment section
AUDJPY Is Bullish! Buy!
Please, check our technical outlook for AUDJPY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 96.530.
Taking into consideration the structure & trend analysis, I believe that the market will reach 96.725 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GBP/AUD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/AUD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2.020.
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Nvidia Holds a Key LevelNvidia has done little since the summer, but some traders may see potential for the chip giant to extend its multiyear run.
The first pattern on today’s chart is the price area around $131.26. It was the high in August and has more or less represented the bottom of NVDA’s range since mid-October. Has new support been established above old resistance?
Next, stochastics are near an oversold condition. Similar readings have preceded bounces, as the white arrows in the lower study indicate.
Third, our Price Streak custom script in the lowest study shows the stock declined for five straight sessions. It’s the longest NVDA has been able to keep falling in the last two years. (Streaks of similar length have occurred a few other times in that period.) That may suggest selling pressure has peaked.
Finally, NVDA has tested and held its rising 100-day simple moving average.
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"XAU/USD Bullish Continuation Towards $2,722 - Key Levels & AnalThis chart appears to show a trading analysis for XAU/USD (gold) with the following key elements:
1. Ascending Channel: The price is moving within a clearly defined ascending channel, indicating a bullish trend.
2. Key Levels:
Support Zone: Highlighted in the shaded region (approx. $2,687–$2,698), suggesting a demand area where the price might rebound if tested.
Target Level: Marked at $2,722.06, indicating the expected upward price target.
3. Current Price Action: The price has recently tested the upper boundary of the ascending channel near $2,705.10 and seems to be consolidating.
4. Directional Bias: The green arrow suggests a bullish outlook, expecting the price to continue rising toward the marked target.
Let me know if you'd like me to refine this or provide additional details!
GOOGL Consolidation at Key Levels! Trade Setups to WatchAnalysis:
GOOGL has entered a consolidation phase, trading within a tight range near $190-$195 after a strong run-up. The stock faces overhead resistance at $197-$200, as indicated by strong call walls in the GEX data. The MACD is neutral, suggesting indecision, while the Stochastic RSI shows oversold conditions, indicating a potential bounce is possible.
Volume remains relatively muted, emphasizing the consolidation. However, a breakout or breakdown from the current range could set the stage for the next directional move.
Key Levels to Watch:
* Resistance Levels:
* $195-$197: Strong resistance zone aligning with the highest call walls.
* $200: Psychological barrier with significant gamma resistance.
* Support Levels:
* $190: Key support level for the current range.
* $187.50-$188: Strong GEX put support.
* $182.50: Final downside support and critical zone to hold.
GEX Insights:
* Gamma Exposure (GEX):
* Positive GEX levels dominate near $197-$200, suggesting strong resistance to upside moves.
* Negative GEX levels around $188-$187 provide key support zones.
* Options Activity:
* IVR: Moderate at 48.7, reflecting manageable implied volatility.
* Call/Put Ratio: Calls are relatively lower (19.3%), indicating bearish skew.
Trade Scenarios:
Bullish Scenario:
* Entry: Break above $195 with increasing volume.
* Target: $200 (first target), $205 (extended target).
* Stop-Loss: Below $192.
Bearish Scenario:
* Entry: Break below $190 with selling pressure.
* Target: $187.50 (first target), $182.50 (extended target).
* Stop-Loss: Above $193.
Directional Bias:
Neutral to cautiously bearish, as the stock remains range-bound with strong resistance overhead. A decisive break above $195 or below $190 will likely dictate the next trend.
Actionable Suggestions:
* For Scalpers: Trade the $190-$195 range until a breakout or breakdown occurs.
* For Swing Traders: Monitor the $187.50-$200 range for breakout/breakdown opportunities, aligning with GEX resistance/support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
AMZN Consolidates Before Key Moves! Trade Setups to Watch
Analysis:
AMZN is trading within a well-defined ascending channel, showing resilience near the $220 level. The stock has faced consistent resistance at $227-$230, as indicated by strong call walls in GEX data. The MACD is slightly bearish, with momentum waning, while the Stochastic RSI indicates oversold conditions, suggesting a potential bounce.
Volume remains steady, reflecting a wait-and-see attitude among traders, with key levels acting as a magnet for price action.
Key Levels to Watch:
* Resistance Levels:
* $227-$230: Significant resistance zone with the highest GEX levels.
* $233: Psychological resistance, aligning with extended targets.
* Support Levels:
* $217.50: Immediate support zone.
* $215: Critical level, aligning with strong put walls.
* $210: Final downside support before significant selling could accelerate.
GEX Insights:
* Gamma Exposure (GEX):
* Positive GEX peaks near $227-$230, creating strong resistance to upside momentum.
* Negative GEX levels around $215 provide a critical support floor.
* Options Activity:
* IVR: High at 56.4, signaling elevated implied volatility.
* Call/Put Ratio: Calls remain subdued at 13.2%, indicating bearish positioning.
Trade Scenarios:
Bullish Scenario:
* Entry: Break above $227 with strong volume.
* Target: $230 (first target), $233 (extended target).
* Stop-Loss: Below $220.
Bearish Scenario:
* Entry: Break below $217.50 with increasing selling pressure.
* Target: $215 (first target), $210 (extended target).
* Stop-Loss: Above $222.
Directional Bias:
AMZN is range-bound, with a cautiously neutral to bearish bias. A breakout above $227 or breakdown below $217.50 will likely signal the next major move.
Actionable Suggestions:
* For Scalpers: Trade within the $217.50-$227 range until a clear breakout or breakdown occurs.
* For Swing Traders: Monitor key zones around $215-$230 for directional trades.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.